Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/28883 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
CEPR Discussion Paper Series No. 7283
Verlag: 
Centre for Economic Policy Research (CEPR), London
Zusammenfassung: 
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described through firms' job offer and firing decisions and workers' job acceptance and quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important empirical regularities that the conventional matching model cannot.
JEL: 
E24
E32
J63
J64
Dokumentart: 
Working Paper

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